Jamal Awil

← Africa's Last Colonial Currency

The CFA zone can sustain monetary paternalism only while its economies remain **small relative to France**. [fact]

If the economies of the two CFA sub-regions were to develop and grow too rapidly, France would be less capable of assuming this attitude of monetary paternalism towards them. In less controversial terms: this system is feasible as long as the economies of the CFA zone remain small in size in comparison to the French economy.

Fanny Pigeaud_ Ndongo Samba Sylla, Africa's Last Colonial Curr…, loc. 263